China's Evergrande lifts 2015 contract sales target by 20%

Evergrande's contracted sales for the first ten months were 154.5 billion yuan, 44 percent higher than the same period a year earlier and exceeding the original target of 150 billion yuanReuters | November 10, 2015, 17:00 IST

Currently, the Goods and Services Tax (GST) is levied at 12 per cent on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale.